生态风险与企业可持续性：考察环境、社会和治理绩效、风险管理和生产力

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE International Review of Financial Analysis Pub Date : 2024-09-12 DOI:10.1016/j.irfa.2024.103551

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引用次数: 0

摘要

环境、社会和治理（ESG）绩效是可持续企业行为的重要指标，它能在短期收益与长期社会增长和生态保护之间取得平衡。我们研究了环境、社会和治理绩效对企业风险承担的影响，以及由此对企业生产率产生的影响。利用 2009 年至 2020 年中国上市公司的数据，我们的分析表明，企业的环境、社会和治理绩效与风险承担之间存在显著的负相关关系，并因此提高了全要素生产率。区域绿色创新和环境监管框架大大增强了环境、社会和公司治理绩效对风险管理的影响。这些结果拓展了人们对环境、社会和公司治理承诺在风险管理中的复杂作用的理解，并为企业决策和政策制定提供了建设性的见解，旨在应对 21 世纪的环境挑战。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Ecological risk and corporate sustainability: Examining ESG performance, risk management, and productivity

Environmental, social, and governance (ESG) performance is an essential indicator of sustainable corporate behaviour that balances short-term gains with long-term societal growth and ecological preservation. We scrutinise the influence of ESG performance on corporate risk-taking and the resulting impacts on firm productivity. Using data from Chinese listed firms from 2009 to 2020, our analysis indicates a significant negative relationship between corporate ESG performance and risk-taking, with a resultant increase in total factor productivity. Regional green innovation and environmental regulatory frameworks significantly augment the effects of ESG performance on risk management. The results extend the understanding of the intricate role of ESG commitments in risk management, and offer constructive insights for corporate decision-making and policy development aimed at confronting the environmental challenges of the 21st century.

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来源期刊

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.